Honggong Technology announced on July 27 that it plans to repurchase the company's shares through centralized bidding transactions. The total repurchase amount is not less than 60 million yuan and no more than 90 million yuan. The repurchase price is not more than 100 yuan/share. Share buybacks will be used for employee stock ownership plans or equity incentives. The repurchase period is within 12 months from the date the board of directors of the company reviewed and approved the repurchase plan.

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